China Everbright issues $600M Panda Bonds

July 29, 2016

Hong Kong - Paul Hastings, a leading global law firm, announced today that the firm represented China Everbright Limited (“China Everbright”) in its issuance of US$600 million (RMB$4 billion) panda bonds denominated in RMB, with Everbright Securities Company Limited (“Everbright Securities”) acting as the lead underwriter.
This issuance is the first tranche of panda bonds issued by China Everbright in a proposed series with an aggregate principal amount of not more than US$1.92 billion (RMB12.8 billion).

China Everbright, a member of state-owned enterprise China Everbright Group, is a Hong Kong listed conglomerate focusing on cross-border asset management and investment. Paul Hastings has a long term relationship with the client during which we advised on a number of important transactions, including its recent acquisition of Dah Sing Financial Center at an aggregate consideration of US$1.3 billion.

The Paul Hastings team was led by partner Vivian Lam, with support from of counsel James Ma, associates Bonnie Kong and Matt Li.

At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.

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